2023 Security Woes: Web3 Loses $1.8B to Criminals, but Are Lessons Being Learned?

2024-1-4 15:45

Web3 security firm CertiK reported $1. 8 billion lost to security incidents in 2023, a 51% decrease from 2022. The most common incidents were private key compromises and exit scams. The post 2023 Security Woes: Web3 Loses $1.

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Источник: beincrypto.com

security 2023 → Результатов: 74

Crypto hacks in December push total losses close to $100m

December 2023 has experienced significant losses in cryptocurrency thefts, with the latest attack on Orbit Chain’s cross-chain bridge pushing the month’s total losses close to $100 million, according to blockchain security firms.

2024-1-2 11:16	Cryptocurrency
losses total close december pushing bridge cross-chain

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Here’s the Recap of 2023 in the Crypto and Bitcoin Industry

Watcher Guru’s Twitter account posted a recap of the major crypto events in 2023. By all accounts, it was a turbulent but monumentally important year for the crypto space. A major early victory was a US judge ruling that XRP is not a security.

2024-1-2 14:45	Latest News
crypto major recap 2023 space early monumentally

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Security Incident Report

Date of the report: 2023-12-20 Date of the incident: 2023-12-14 Type of Incident Detected: Unauthorized Access & Malicious Code Executive Summary Ledger detected an exploit using Ledger Connect Kit on Thursday the 14th of December 2023.

2023-12-23 15:46	Tech
incident report detected ledger date connect using

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Bitget implements mandatory KYC for improved user security with rewards

In a decisive move towards bolstering security and compliance, Bitget, one of the leading crypto exchanges, has announced the rollout of mandatory Know Your Customer (KYC) requirements for all EN users, effective December 15, 2023.

2023-12-15 18:00	Crypto Regulation
security bitget mandatory kyc know your customer

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Crypto hack losses have declined 50% in 2023: report

The total funds lost to crypto hackers in 2023 is down more than 50% compared to volumes recorded in 2022, according to a report by blockchain security and analytics firm TRM Labs. Despite the 160 hacking incidents reported in the year, the total of $1.

2023-12-14 19:20
report total 2023 crypto trm blockchain firm

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Lido may be ending 2023 on a high, but there is a caveat

TVL has grown by 3.5x since the beginning of 2023 Increasing market share fueled security concerns for Ethereum Lido Finance [LDO], the largest liquid staking protocol, recorded another fruiThe post Lido may be ending 2023 on a high, but there is a caveat appeared first on AMBCrypto.

2023-12-13 02:30	DeFi
lido 2023 caveat may ending high staking

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Your Keys, Your Control: Why Self-Custody Is More Important than Ever

In 2023, crypto breaches led to significant losses, pushing the shift towards self-custody for financial security. This move towards personal wallets and private key management is essential in today’s vulnerable crypto market.

2023-12-13 20:11	Crypto News
towards crypto your self-custody move security market

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Digital Bandits On The Rise: Crypto Losses Hit $363 Million In November

The crypto space witnessed a tumultuous November, marking a spike in illicit activities culminating in substantial financial losses. Blockchain security firm CertiK has reported that November 2023 has emerged as the most “damaging” month of the year regarding crypto-related crimes.

2023-12-2 04:30	Poloniex
november losses crypto emerged 2023 certik firm

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November Crypto Hack, Phishing, & Rug Pull Surge Cost Users $356 Million

November 2023 saw the cryptocurrency world suffer a massive $356 million loss due to an unprecedented surge in hacks, phishing scams, and rug pulls. Major breaches at Poloniex and HTX underline the urgency for improved security measures in the digital currency sector.

2023-12-1 11:40	Crypto News
surge november million rug phishing 356 poloniex

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Bitget Advances Mandatory KYC for Enhanced User Security and Compliance

Bitget, top global cryptocurrency exchange and Web3 company, announced mandatory Know Your Customer (KYC) requirements on September 1, 2023 and is now advancing its rollout of the implementation.

2023-11-17 14:00	BNC insights
bitget kyc mandatory september 2023 requirements customer

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The practicality of Web3: Usability, security, and democratization

Newconomics 2023 is set to explore the intersection of technology and economics in the modern digital world as the conference opens its doors to the public for the first time on Nov. 14 and Nov. 15 in Lisbon.

2023-11-13 18:15	Web3
nov doors public opens conference lisbon practicality

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U.S. lawmakers establish CLARITY Act to shutdown federal ties to Chinese blockchain

U.S. Representatives Zach Nunn and Abigail Spanberger have introduced the CLARITY Act of 2023, a bill aimed at prohibiting federal officials from transacting with Chinese blockchain companies to safeguard national security interests.

2023-11-10 00:31	United States
federal chinese blockchain act clarity officials prohibiting

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Is Celestia (TIA) Crashing Because Of Large-Scale Dumping By Manipulators?

Celestia, the modular blockchain that claims to be scalable without sacrificing security, launched in late October 2023 after weeks of anticipation from the broader crypto community. However, hours after launching and TIA listing on multiple exchanges, including OKX and KuCoin, the coin is struggling to match the initial enthusiasm.

2023-11-3 06:00
tia celestia hours launching however broader listing

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How to protect crypto from hacks, bull market trend confirmed

Barely a week goes by without some news of crypto hacks. Despite the seemingly constant hacking and theft, losses to hacks and other security breaches across the crypto industry actually saw a decline in the first half of 2023.

2023-11-3 16:19	Features
crypto hacks security breaches losses theft across

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Crypto losses decreased by 85% in October 2023

The crypto losses in October amounted to $51.6 million, an 85% decrease compared to September 2023. The crypto market in October 2023 suffered over 23 security incidents, such as hacker attacks, phishing scams, and rug pulls, resulting in a total…

2023-11-1 16:17
2023 crypto october losses attacks phishing hacker

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These Were the Most Staked Altcoins in Q3

In Q3 2023, the crypto realm witnessed a significant rise in staking activities, with Aptos and Sui taking the lead. The shift towards higher stake rates reflects a growing engagement and an enhanced network security in the Proof-of-Stake blockchain ecosystem.

2023-10-27 20:20	Crypto News
rates reflects growing stake higher shift towards

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TON Foundation Enlists The Support Of Elliptic To Provide Ecosystem Analysis And Security

Zug, Switzerland, October 13th, 2023, Chainwire The Open Network (TON) Foundation has today announced the support of Elliptic, a leading blockchain analysis firm, to provide the network with data intelligence and additional ecosystem security, supporting TON Foundation with its goal of putting crypto in every pocket by building a web3 ecosystem in Telegram.

2023-10-13 16:40	Press Release
ton ecosystem foundation support security analysis network

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TON Foundation Enlists The Support Of Elliptic To Provide Ecosystem Analysis And Security

2023-10-13 16:34	Press releases
ton ecosystem foundation support security analysis network

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XRP Is A Better Buy Now Than H1 2023: What’s Keeping Prices Low?

Edward Farina, the founder and CEO of various crypto-focused initiatives, is confident that XRP is a better “investment” in early October than it was before July when the United States Securities and Exchange Commission (SEC) claimed that the coin was an unregistered security.

2023-10-10 04:00	XRP
xrp better when early july united october

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Crypto hacks and scams grew by over 150% in Q3 2023: Immunefi report

Key takeaways The number of crypto hacks and scams surged by 153% in the third quarter of the year. Nearly $700 million was lost to hacks and scams in the last quarter. Crypto investors lost nearly $700 million to hacks and scams Blockchain security platform Immunefi published its quarterly industry security report for the third quarter […] The post Crypto hacks and scams grew by over 150% in Q3 2023: Immunefi report appeared first on CoinJournal.

2023-10-4 12:19
scams hacks crypto report quarter immunefi million

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Polygon erases mid-September gains after whale moves 10.78M MATIC tokens to Binance

Polygon (MATIC) has exhibited bearishness for most of 2023 as the broad crypto market endured a prolonged downside. The United States Securities & Exchange Commission dented the altcoin further after labeling it a security, forcing platforms such as Robinhood to delist MATIC alongside alts Solana and Cardano.

2023-9-28 01:07
matic polygon further altcoin dented commission states

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Zenit World 2023 roadmap: advancing security, accessibility, and innovation in crypto trading

Zenit World's 2023 roadmap is centered on enhancing crypto trading experience through a stringent KYC process and advanced AML monitoring system

2023-8-12 17:38	Sponsored
trading zenit crypto roadmap 2023 world stringent

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The Best VPN services in 2023 for crypto users

For anyone trading crypto and wanting to improve privacy and enhance security a Virtual Private Network (VPN) is a tool worth considering. This article profiles the best VPNs in 2023 for crypto fans.

2023-8-11 03:58	BNC insights
crypto vpn best 2023 worth network tool

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KuCoin Shuts Down Bitcoin And Litecoin Mining Pools Amid Market Turmoil

KuCoin, one of the world’s largest cryptocurrency exchanges, has temporarily halted its KuCoin Pool service, effective August 15, 2023, until further notice. The move is part of KuCoin’s business strategy and aims to ensure the security and integrity of users’ assets.

2023-8-3 01:00	LTCUSDT
kucoin move notice until august 2023 further

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Worldcoin to allow governments and businesses to use its ID-verifying technology

Worldcoin launched its native token WLD on its mainnet on July 24, 2023. The crypto project has faced serious criticism from several quarters for fears of data privacy. The latest development is the Worldcoin suspension in Kenya because of what the government says are security concerns.

2023-8-3 17:14	Markets
worldcoin data privacy development latest fears several

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Ripple Sets the Record Straight on XRP Court Ruling in Q2 Report

In its Q2 2023 Report, Ripple addressed six misconceptions about the ruling. Ripple emphasized that the Court's decision unequivocally declares XRP is not to be deemed a security. It also noted that the Court distinguished between XRP as a digital token and XRP sold with promises of investment returns.

2023-8-2 13:30	xrp price
xrp ripple court report ruling noted between

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ConsenSys releases “Diligence Fuzzing,” tool for testing smart contract vulnerability

More than $471. 43 million was lost through Web3 security vulnerabilities in the first half of 2023. The Diligence Fuzzing has been integrated with the smart contract toolkit Foundry. The tool features a free version for developers who wish to test it out before making any payments.

2023-8-1 15:40	DeFi News
contract tool smart diligence fuzzing features free

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U.S. amps up crypto crime unit to focus on ransomware attacks

Senior DoJ official termed ransomware as a major threat to national security. After a reprieve in 2022, ransomware attacks reared their ugly heads again in 2023. The U. S. Department of JustiThe post U.

2023-7-24 01:30	News
ransomware attacks ugly reared 2022 reprieve justithe

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Should you buy Coinbase shares after rallying 100% since the SEC charges?

On June 6, 2023, Coinbase, Inc. (NASDAQ:COIN) was charged by the Security and Exchange Commission (SEC) with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency.

2023-7-18 17:45
exchange sec coinbase asset crypto operating agency

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The Truth About XRP & Blackrock’s Suddenly Found Love For Crypto

July 13, 2023, will be remembered as a watershed moment in the annals of cryptocurrency history. On this day, XRP, the digital asset associated with Ripple, was officially declared not a security for secondary sales.

2023-7-15 14:43	Latest News
xrp day digital asset cryptocurrency history associated

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Ripple’s win against SEC a boost to Chancer as presale accelerates

US court ruled in favour of Ripple in the case initiated by SEC The ruling is positive for crypto, with newcomers like Chancer benefiting Chancer could rise by double or triple-digit percentages in 2023 Crypto is not a security.

2023-7-14 14:58	Technical Analysis
chancer ripple crypto sec like newcomers benefiting

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Scheduled BNB Chain “ZhangHeng” upgrade will improve security

Later this month, Binance’s BNB Chain is anticipated to undergo its “ZhangHeng” upgrade, which developers claim will significantly enhance security features for users. The hard fork is anticipated to take place at 6:00 UTC on July 19, 2023.

2023-7-13 11:46
anticipated security upgrade zhangheng chain bnb take

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BNB Beacon Chain to introduce two security updates in upcoming hard fork

BNB’s Beacon Chain will soon undergo its “ZhangHeng” upgrade, according to an announcement from the project’s blog on July 12. That post indicates that the beacon chain mainnet will undergo a hard fork upgrade at block height 328,088,888 on July 19, 2023, at 6:00 UTC.

2023-7-13 00:00	Technology
beacon chain undergo upgrade july bnb fork

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BNB Beacon Chain Will Undergo Key Security Upgrade and Hard Fork

The BNB Beacon Chain is poised to undergo a scheduled hard fork and security upgrade on July 19th, 2023, as announced by the network’s technical team. This update, expected to...

2023-7-13 20:09	News
hard fork bnb upgrade beacon chain security

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Revenues From Crypto Crimes Fall 65% as Projects Harden Security With AI

Crypto criminals were frustrated in 2023, with inflows into risky or criminal addresses falling 42% and 63%. The post Revenues From Crypto Crimes Fall 65% as Projects Harden Security With AI appeared first on BeInCrypto.

2023-7-13 19:45
crypto harden security revenues projects fall crimes

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Traders Bullish on Cardano as ADA Forms Ascending Triangle Pattern; Could These Coins Also Pump?

Despite being labeled an unregistered security by the SEC, traders are increasingly bullish on Cardano as the token forms an ascending triangle pattern. In addition, the Cardano DeFi ecosystem is starting to bloom as its network starts to see an uptick in activity following its scalability upgrade earlier in May 2023.

2023-7-13 15:46	Latest News
cardano traders pattern forms ascending bullish triangle

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Nexo Attains Type 2 SOC 2 Audit, Affirming Data Security Compliance

Nexo receives AICPA certificate following a successful SOC 2 Audit, highlighting its unwavering commitment to fundamental trust principles, including data security and privacy. Milan, Italy, July 6, 2023 — Nexo, the world’s leading digital assets institution, today marked a significant milestone with the successful completion of its independent Type 2 SOC 2 audit.

2023-7-6 16:08	Latest News
audit nexo soc successful security type data

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Web3 projects lost nearly $314m in Q2, CertiK research shows

CertiK’s Q2 2023 Web3 Security report highlights a decline in volume lost to malicious actors in the blockchain ecosystem, significant off-chain events, and vulnerabilities in major protocols and applications.

2023-7-6 01:34	Web3
certik web3 lost ecosystem blockchain significant actors

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Crypto Losses From Web3 Scams And Hacks Drop Dramatically In H1 2023

New data shows that crypto scam and hack losses in the first half of 2023 were down a whopping 75% from the same period last year. A recently released report by Beosin, a blockchain security firm, revealed that the total value of cryptocurrencies lost in scams, hacks, and rug pulls targeting Web3 platforms reached $656.61 […]

2023-7-5 13:00
2023 crypto losses scams web3 hacks revealed

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Polygon Responds To SEC On The Back Of High Crypto Price Volatility

Polygon has responded to the U. S. Securities and Exchange Commission’s (SEC) claim that its token is a security governed by the Securities laws. According to a June 11, 2023 tweet, Polygon has advised that its token was developed and deployed outside the United States (U.

2023-7-2 22:10	Polygon
polygon securities token sec 2023 june laws

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Chibi Finance becomes 12th Arbitrum-based protocol to rug users in 2023

Arbitrum-based Chibi Finance rug pulled its users for roughly $1 million on June 27 via a malicious contract, according to blockchain security firm CertiK. The project’s native token — CHIBI — has crashed almost 99% in value as of press time.

2023-6-28 19:50	#scams
chibi users rug finance arbitrum-based token project

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Reddit hackers want $4.5m and ethical conduct from the company

A cybercriminal group known as BlackCat, also referred to as ALPHV, has issued a threat to release 80GB of compressed data stolen from Reddit during a security breach in February 2023.

2023-6-23 17:21	Reddit
reddit 80gb threat issued compressed release data

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SYS Labs to launch Rollux mainnet in June

SYS Labs has announced that the Rollux mainnet is set to launch on June 28, 2023. The revolutionary EVM-L2 scaling platform promises to deliver security, speed, scalability, and affordability, which are key components for blockchain technology’s mass adoption.

2023-6-2 20:46
june sys mainnet rollux labs launch speed

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Why are Bitcoin transaction fees rising, and what are BRC-20 tokens?

Key Takeaways BRC-20 tokens were launched on Bitcoin in March 2023 Transaction fees spiked to all-time highs in May 2023 as network activity spiked Bringing memes and NFTs to Bitcoin has caused controversy Some argue the rising fees are vital to the security of the network, while others scoff at the activity for getting away […] The post Why are Bitcoin transaction fees rising, and what are BRC-20 tokens? appeared first on CoinJournal.

2023-5-24 17:28	On-chain data
fees bitcoin tokens brc-20 transaction rising spiked

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Canada And Australia Continue Consultation And Research Into CBDCs

According to a May 8, 2023 press release, the Bank of Canada has launched online public consultations to understand the features that could be included in a digital Canadian dollar. The consultation seeks to understand how Canadians would likely use a Canadian digital dollar, what security features are important, and accessibility and privacy concerns. The […]

2023-5-20 19:30	Ethereum News
canada features canadian dollar digital understand consultation

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SEC staff suggest Filecoin (FIL) is a security: Grayscale

Grayscale says it disagrees with SEC’s staff over suggestions that Filecoin (FIL) is a security. The letter from the SEC staff was sent on 16 May 2023, after Grayscale applied to list the Grayscale® Filecoin Trust (FIL) (OTCQB: FILG) SEC staff also believe the meet the Grayscale® Filecoin Trust “meets the definition of an investment […] The post SEC staff suggest Filecoin (FIL) is a security: Grayscale appeared first on CoinJournal.

2023-5-18 02:30	Grayscale
grayscale filecoin sec staff fil security suggest

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Best Crypto Casinos

Crypto Casino Guide & Best Bitcoin Casinos 2023 Did you know that you can enjoy your favorite casino games with increased speed, privacy, and security through the use of crypto casino sites? BC. GAME – Casino of the Year 2023 Metaspins – Superb New Casino Jackbit – Wager Free Bonus CryptoLoko – Quickest Payments Wild.

2023-5-10 15:14	Gambling
casino crypto best 2023 game year metaspins

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StormGain and Unstoppable Domains Join Forces to Boost Security and User Experience

London, United Kingdom / April 28, 2023 – Leading crypto exchange platform, StormGain, has announced a strategic partnership with Unstoppable Domains, a trailblazing company offering blockchain-based domain names that replace cumbersome cryptocurrency addresses with human-readable names.

2023-4-28 15:05	Journal
stormgain domains names unstoppable trailblazing company strategic

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StarkNet Aims to Enhance Scalability, Privacy and Security on Ethereum

One of the first projects to integrate the intriguing new mechanism of Account Abstraction has already gotten Visa on board to secure payments processing for crypto transactions. That’s why StarkNet is a 2023 Project to Watch.

2023-4-17 15:09
starknet processing board gotten visa secure payments

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Warning: This Crypto Wallet May Have Compromised Your Bitcoin

Recent revelations pinpoint a grave vulnerability in the Libbitcoin Explorer crypto wallet tool. Funds generated through this software might be at risk or, in some cases, already compromised by attackers.

How New Android 14 Security Features Protect Your Crypto

Android 14's new security features bolster protection for crypto assets. By disabling 2G and addressing null ciphers, it ensures heightened safety for digital wallets and crypto-related mobile transactions.

Opera launches Web3 browser with increased security for crypto users

Opera web3 browser is Opera's latest attempt to provide safety for Crypto browsers on the internet.

Crypto Scammers Can Use ‘Professional KYC Actors’ to Avoid Getting Caught

CertiK, a blockchain security expert, unveiled a group of KYC actors for hire that rogue developers can use to scam crypto communities. The post Crypto Scammers Can Use ‘Professional KYC Actors’ to Avoid Getting Caught appeared first on BeInCrypto.

2024-1-4 15:45

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